Economics

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Economics is a discipline concerned with the consumption, production, and transfer of wealth by and among individuals (microeconomics) and communities or nations (macroeconomics); subspecialties range from economic development and planning to health economics and international economic relations. RAND's many economists contribute to multidisciplinary research projects by exploring the intersections where economics informs social, military, and governmental policy decisions.

  • Commentary

    The Global Movement Against China's Economic Coercion Is Accelerating

    There is much the West can do to push back against Chinese economic pressure, and many reasons to do so. Doing so is a core interest of the United States, which now places itself in competition with China over the shape of the international order.

    Jun 9, 2023

  • Essay

    Insomnia: The Multibillion-Dollar Problem Sapping World Productivity

    From the doctor's office to the office at work, good sleep is often overlooked as a key part of well-being. We pay for that. Chronic insomnia is associated with an average loss in workplace productivity of 45–54 days, resulting in estimated annual losses in GDP of more than $200 billion.

    Sep 8, 2023

Explore Economics

  • British and European Union flags in a cloudy sky, photo by themotioncloud/Getty Images

    Report

    Further Trade Uncertainty Due to Brexit Could Cost UK Billions

    The UK's official departure from the EU only ends the first phase of trade uncertainty related to Brexit. Costs to the UK economy are likely to continue during the UK–EU renegotiation period and will increase over time. By the end of 2020, UK GDP could decrease by $5.5 billion (£4.4bn).

    Jan 28, 2020

  • An Anti-Brexit protester demonstrates outside the Houses of Parliament in London, Britain, June 26, 2019, photo by Hannah McKay/Reuters

    Multimedia

    What Are the Potential Economic Implications of Prolonged UK–EU Trade Policy Uncertainty?

    In this Call with the Experts podcast, RAND researchers discuss the potential economic implications of prolonged trade policy uncertainty associated with the renegotiation period between the UK and EU after Brexit.

    Jan 24, 2020

  • RAND Weekly Recap

    Blog

    Australia's Fires, Artificial Intelligence, Fentanyl: RAND Weekly Recap

    This weekly recap focuses on Australia's devastating fires, how artificial intelligence could manipulate the masses, the fentanyl crisis, and more.

    Jan 24, 2020

  • Visualization of network graph, image by Jonathan William Welburn/RAND Corporation

    Report

    Systemic Risk in the Broad Economy

    After the 2008 financial crisis, research and policy focused on the risk that heavily interconnected networks could fuel the spread of economic crises—a problem known as systemic risk. A new analysis considers systemic risk in other sectors like technology, telecommunications, and health care.

    Jan 21, 2020

  • Report

    Report

    Relationships between the economy and national security: Analysis and considerations for economic security policy in the Netherlands

    This study examines the relationship between the economy and national security in the Netherlands, with a focus on the characteristics and performance of the Dutch economy and the consequences of this for its national security.

    Jan 14, 2020

  • Security personnel stand guard near a

    Commentary

    China's Footprint in Europe

    Tensions between Washington and Brussels may be helping China find a more receptive audience for its Belt and Road initiative. One of the central challenges for the United States and Europe will be to forge a more united approach to China's resurgence.

    Jan 13, 2020

  • Journal Article

    Journal Article

    Exploring the Use of a General Equilibrium Method to Assess the Value of a Malaria Vaccine: An Application to Ghana

    A general equilibrium method was used to quantify the potential impact of a malaria vaccination on the wider economy, using Ghana as an example. Results suggest investing in improving childhood health by vaccinating could have macroeconomic benefits.

    Jan 9, 2020

  • Periodical

    Periodical

    RAND Review: January-February 2020

    Feature stories spotlight research on America's fentanyl crisis and new approaches to clinical guideline development. The Commentary column features terrorism expert Colin Clarke on the threat of white supremacists in the United States.

    Jan 6, 2020

  • Chinese President Xi Jinping speaks at the opening ceremony of the second China International Import Expo (CIIE) in Shanghai, China, November 5, 2019, photo by Aly Song/Reuters

    Commentary

    What to Expect from China in 2020

    Last year was an eventful one in China, with U.S.–China trade tensions escalating, protests in Hong Kong reaching a crisis point, and President Xi Jinping further consolidating power. What might the rest of the world expect from China in 2020?

    Jan 3, 2020

  • North Korean leader Kim Jong Un speaks during the 5th Plenary Meeting of the 7th Central Committee of the Workers' Party of Korea (WPK) in this undated photo released on December 28, 2019, photo by KCNA/Reuters

    Commentary

    North Korea: Selling Political Deception

    Why did Kim Jong-un substitute releasing the North Korean Workers' Party Plenary report instead of his traditional New Year's address? As with many things in North Korea, we do not know, forcing us to speculate.

    Jan 3, 2020

  • The national flag of Taiwan on a large number of metal containers for storing goods stacked in rows on top of each other. Conception of storage of goods by importers, exporters, photo by Sova Vitalij/AdobeStock

    Journal Article

    Trade Relations Between Taiwan and South Asia Under the New Southbound Policy

    This paper provides an assessment of Taiwan's global status as an economy, to discover where its global comparative advantages lie, then assesses its economic relations with South Asia.

    Dec 13, 2019

  • Iran's Foreign Minister Javad Zarif arrives for a meeting among remaining parties to the Iran nuclear deal at U.N. headquarters in New York City, September 25, 2019, photo by Yana Paskova/Reuters

    Commentary

    Understanding Iran's Nuclear Escalation Strategy

    Throughout 2019, Iran has gradually reduced its compliance with the Joint Comprehensive Plan of Action. What are its goals in doing this? Why has it adopted this strategy? And perhaps most importantly, how far does Iran intend to go?

    Dec 12, 2019

  • People walk near a burned bank, after protests against increased fuel prices, in Tehran, Iran, November 20, 2019, photo by Nazanin Tabatabaee/WANA (West Asia News Agency)/Reuters

    Commentary

    Don't Expect a Thaw in Iran

    Iran's recent protests could mark the beginning of a new chapter in Iran's domestic politics. Whatever happens inside the country, though, it will not likely change Iran's foreign policy.

    Dec 11, 2019

  • (L-R) Solomon Islands Prime Minister Manasseh Sogavare and Foreign Minister Jeremiah Manele, and Chinese Premier Li Keqiang and State Councillor and Foreign Minister Wang Yi attend a signing ceremony at the Great Hall of the People in Beijing, China, October 9, 2019, photo by Thomas Peter/Reuters

    Commentary

    What Does Beijing Want from the Pacific Islands?

    China's recent activities in Oceania highlight a formidable two-pronged strategy of diplomatic and economic engagement that Washington and its allies and partners will have to vigorously compete against to maintain their preeminence in the Pacific.

    Dec 9, 2019

  • Iranians protest against increased gas prices, on a highway in Tehran, November 16, 2019, photo by Nazanin Tabatabaee/WANA (West Asia News Agency)/Reuters

    Commentary

    With Chaos in the Streets of Iran, Here's How the United States Could Help the Iranian People

    The Iranian people deserve American support. But current U.S. policies are hurting the cause that Iranians are fighting for while failing to achieve any strategic objectives.

    Dec 3, 2019

  • Russian President Vladimir Putin and Crown Prince Mohammed bin Zayed al-Nahyan attend the official welcome ceremony in Abu Dhabi, United Arab Emirates, October 15, 2019, photo by Alexander Zemlianichenko/Pool/Reuters

    Commentary

    Russian Strategy in the Middle East Is Limited

    The unrest in Syria and the Arab Spring gave Russia the opportunity to increase its economic and political activities across the Middle East. But the strengths of Moscow's strategy in the short term—its transactionalism, its balancing of multiple partners—may turn out to be its undoing in the long term.

    Nov 26, 2019

  • Journal Article

    Journal Article

    When Antibiotics Fail: The Expert Panel on the Potential Socio-Economic Impacts of Antimicrobial Resistance in Canada

    Researchers examined the current impacts of AMR on Canada's healthcare system, the future impact on Canada's GDP, and how widespread resistance could influence the day-to-day lives of Canadians.

    Nov 21, 2019

  • A group of people walking outside, photo by sataporn_chayawan/Getty Images

    Report

    A More Physically Active Population Could Increase GDP by Billions

    Exercise affects workplace performance, longevity, and the economy. If people walked just an extra 15 minutes each day, the world economy could grow by about $100 billion a year. Gains are attributed to improved productivity and reduced mortality rates, sick leave, and health care costs.

    Nov 5, 2019

  • Russian President Vladimir Putin (R) and Syrian President Bashar al-Assad visit the Hmeymim air base in Latakia Province, Syria, December 11, 2017, photo by Mikhail Klimentyev/Sputnik Photo Agency/Reuters

    Commentary

    Russia's Risky Game Plan for Syria

    It will take time to assess the extent to which Russia has “won“ in Syria. Absent a peaceful end to the conflict and an infusion of large-scale Western aid, downside risks for Russia could take some of the bloom off of its rose in Syria.

    Oct 29, 2019

  • Zimbabwe President Emmerson Mnangagwa attends a rally against Western sanctions in Harare, Zimbabwe, October 25, 2019, photo by Philimon Bulawayo/Reuters

    Commentary

    Zimbabwe’s Neighbors Express Solidarity Against a False Enemy

    The notion that sanctions are primarily responsible for the economic collapse in Zimbabwe is a useful fiction promoted by that country's authoritarian elite. In reality, the ruling party, in power for 39 years, has no one to blame but itself.

    Oct 25, 2019